: 398 See Through

Lauder is really very upset these days. He is full of hope and spent more than two billion US dollars in cash to acquire those loans. At present, it seems that not only can not bring any income, not only can not let him face Feng Yi usually took the initiative, but became a burden instead. ?шщЩ.suimEnG.1a

He had heard that John, in the process of talking with Xiao Mo, in the process of talking with Lehman, said more than once that Hilton is not the only one of them. If they do not accept their terms, then they actually It doesn't matter, you just keep the loan to Blackstone. They only need to get the credit default swap agreement in return.

Originally, he thought that those words were nothing more than means of negotiation. Now he understands very well that the words that John said at the beginning might be mainly for himself.

In particular, what they said is very likely, not a threat, not just talk, they should really be prepared, if it doesn't work, they will give up buying Hilton.

Because both the loans they have taken from Jamie Diamond or the loans they will take from Lehman Brothers are so low prices.

In fact, it is no different from buying bonds at a low price. If you hold it in your hand for a few years, when Hilton's business conditions improve, it will definitely appreciate a lot.

Lauder is also very clear that the main reason why Feng Yiping agreed to his proposal so readily at the beginning is probably because he knew that this would avoid their investment banks and directly come up with large cash returns.

In other words, they can ensure that their fund investment will not be frustrated.

The acquisition of Hilton can be said to be incidental. It can be acquired, yes, if it can’t, then it doesn’t really matter.

The crux of the problem is that Feng Yiping has sufficient funds, so he can hold those loans in his hands for several years.

But how can they currently have such conditions?

As Deutsche Bank said, their most important task at the moment is to realize all realizable assets, that is, to ensure their own liquidity-liquidity in a narrow sense refers to the cash held on hand , And unburdened assets that can be quickly realized.

And to ensure that in the future, will not follow in the footsteps of Bear Stearns.

In the current situation, no financial institution would think it has prepared too much money.

So at such a time, spending more than two billion U.S. dollars to buy back more than 5 billion of face value loans is a very stupid behavior.

Because, Blackstone will not repay those loans in the short term. Not only will they not repay them, but they will also want to take the opportunity to deduct part of them. Besides Feng Yiping, no one is interested...

That is, they spent more than two billion U.S. dollars in cash to buy back a lot of unrealizable assets that may depreciate.

Such behavior, even if the board of directors will not hold him accountable now, it will definitely not let it go in the future.

At such a time, how can you accept such a "lost of human and wealth" thing, you let Lauder, who has always been counted as an exhaustive plan, who only takes advantage and does not suffer?

Feng Yiping watched the beer bottle in Lauder's hand crossed the ship's rail and fell into the muddy river. He sat up, his eyes sharpened, "Oh, I can't make a calculation behind you, are you still angry?"

Lauder stood up and looked at Feng Yiping with his hips akimbo, "Yes, we are fighting with you to acquire those loans, so what's wrong?"

"We just want to take the opportunity to earn some meagre fees. Is this wrong?"

"We do this, in fact, it is equivalent to helping you do some things in advance, or you should pay to do these things for you yourself, right, it saves you a lot of time and energy, and charges a little for this. Fee, is this all wrong?"

As Lauder said, he seemed to believe in his own rhetoric, and his face was a little angry, "If it wasn't for you, or because I saw you as a friend and partner, would I take the initiative to do this? "

"Papa," there was applause.

Feng Yiping stood up while applauding, looked at Lauder with a smile, shook his head and said, "Wonderful, really wonderful!"

"I almost believed it,"

"In other words, I have to thank you for calculating my behavior behind your back?"

"I'm helping you," Lauder said loudly.

Feng Yiping pointed at him and said loudly, "Oscar, Golden Globe, Golden Lion, Golden Bear, Golden Rooster and Hundred Flowers...all owe you a trophy,"

Golden Rooster and Hundred Flowers, is that a magic horse award? Lauder was puzzled. The angry look just now was naturally gone, but his brows were still frowning, "Of course, I know, we didn't discuss it with you in advance and did it without telling you. Something is wrong, but Feng, do you know the pressure we are facing now?"

"Bear Stearns, with 85 years of history and 83 years of profitability, how many companies can you find in the world with such a profit?"

From the perspective he said, Bear Stearns is really rare.

"At one time, the market value was as high as 20 billion U.S. dollars, but such an excellent and powerful company fell apart. In less than half a month, it was sold at such a shameful price. You know, I Every time I think of this..."

Feng Yiping interrupted him, "Speaking of which, the situation in Bear Stearns has taken a turn for the worse, your man is also a great contributor," he gave a thumbs up.

"It's just an email, an email leaked'accidentally' completely ruined Bear Stearns' chance of turning over,"

If it hadn't been for Goldman Sachs' "just right" email to leak out, the situation in Bear Stearns would not have turned so drastically and hopelessly.

"That's really an oversight that should not be forgiven," Lauder expressed painfully, "We have dealt with the parties ruthlessly, and not only that, in the current situation of such tight funds, we also deliberately set aside a special fund. To strengthen our information security construction,"

Feng Yiping smiled coldly, saying please continue your performance.

Lauder greeted Feng Yiping who was full of disbelief, smiled freely, shrugged and sat down, "Fortunately, the ending is pretty good, isn't it?"

"Bear Stearns' $4 billion loan was successfully obtained by you," he picked up another bottle of beer, "you don't need to thank me,"

Feng Yiping laughed, "Lourder, I admire you for this, I admire you for this, and only see the benefits in my eyes."

"Although I cannot do it anyway,"

Lauder also shook his head, "How could I hope so? But what can I do?"

He looked helpless, "I'm not like you. In my own company, I haven't been affected too much, but I can also take the opportunity to make at least several billion dollars."

"A company like Bear Stearns just fell apart. How can we not worry? Why don't we want to raise more funds desperately,"

"This is what I wanted to say before. Why did I do this secretly? It's totally helpless Feng,"

"So, you must understand it!" He looked at Feng Yiping.

Feng Yiping did not answer his words, and talked about another matter, "For the current situation, Paulson hopes to take some strong measures."

"Well, you know,"

Lauder wanted to distinguish between them and Paulson once again, but looking at Feng Yiping's eyes, he said, "We can guess it."

"With that kind of rescue plan, so just like what I said before, Goldman Sachs, don't worry about the next life and death crisis," Feng Yiping said.

"No, Feng..."

Feng Yiping raised his hand and waved it, "Well, even if Paulson is selfless, and will even treat Goldman Sachs deliberately and harshly in the next rescue, then Goldman Sachs will have problems?"

"It's not that there will be a problem~www.wuxiaspot.com~ It will be a big problem," Lauder said, "That's why I..."

Feng Yiping said before he finished his performance, "You know that our fund, through the purchase of CDs, is about to get several times the return..."

Lauder rushed and said, "That's why I envy you,"

"Is it just envy?" Feng Yiping smiled, "You didn't take any action? For example, rushing to buy a $4 billion cds?"

At this time, Lauder really showed some surprises on his face.

For those who have become more sophisticated, after learning that Feng Yiping and their fund had purchased a total of 4 billion US dollars of cds, and resolutely looked at the vacant loan market, he asked Goldman Sachs to purchase 4 billion US dollars of cds. cds.

So, he will have something to do with Goldman Sachs?

"So Lauder, are the benefits we brought you still little?"

"Or do you really plan to continue pretending to be poor in front of me?"